South Africa - Refined Maize (Corn) Oil - Market Analysis, Forecast, Size, Trends and Insights
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View PricingSouth Africa: Refined Maize Oil Market 2024
Refined Maize Oil Market Size in South Africa
In 2022, the South African refined maize oil market decreased by X% to $X, falling for the fifth consecutive year after two years of growth. Over the period under review, consumption recorded a abrupt descent. The pace of growth was the most pronounced in 2016 with an increase of X% against the previous year. Over the period under review, the market reached the maximum level at $X in 2012; however, from 2013 to 2022, consumption remained at a lower figure.
Refined Maize Oil Production in South Africa
In value terms, refined maize oil production stood at $X in 2022 estimated in export price. Over the period under review, production showed a perceptible curtailment. The most prominent rate of growth was recorded in 2016 with an increase of X% against the previous year. Refined maize oil production peaked at $X in 2012; however, from 2013 to 2022, production stood at a somewhat lower figure.
Refined Maize Oil Exports
Exports from South Africa
In 2022, shipments abroad of refined maize (corn) oil increased by X% to X tons, rising for the third year in a row after two years of decline. Overall, exports enjoyed significant growth. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are expected to retain growth in the immediate term.
In value terms, refined maize oil exports surged to $X in 2022. Over the period under review, exports recorded a significant expansion. The pace of growth appeared the most rapid in 2020 when exports increased by X%. The exports peaked in 2022 and are likely to see gradual growth in the immediate term.
Exports by Country
Saudi Arabia (X tons) was the main destination for refined maize oil exports from South Africa, with a X% share of total exports. Moreover, refined maize oil exports to Saudi Arabia exceeded the volume sent to the second major destination, the United Arab Emirates (X tons), tenfold. The third position in this ranking was held by Sri Lanka (X tons), with a X% share.
From 2012 to 2022, the average annual growth rate of volume to Saudi Arabia stood at X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Sri Lanka (X% per year).
In value terms, Saudi Arabia ($X) remains the key foreign market for refined maize (corn) oil exports from South Africa, comprising X% of total exports. The second position in the ranking was taken by the United Arab Emirates ($X), with a X% share of total exports. It was followed by Sri Lanka, with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of value to Saudi Arabia totaled X%. Exports to the other major destinations recorded the following average annual rates of exports growth: the United Arab Emirates (X% per year) and Sri Lanka (X% per year).
Export Prices by Country
The average refined maize oil export price stood at $X per ton in 2022, increasing by X% against the previous year. In general, the export price posted a pronounced expansion. The most prominent rate of growth was recorded in 2016 an increase of X%. The export price peaked in 2022 and is likely to continue growth in the immediate term.
Average prices varied noticeably for the major external markets. In 2022, amid the top suppliers, the countries with the highest prices were the United Arab Emirates ($X per ton) and Sri Lanka ($X per ton), while the average price for exports to Jordan ($X per ton) and Saudi Arabia ($X per ton) were amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was recorded for supplies to Jordan (X%), while the prices for the other major destinations experienced more modest paces of growth.
Refined Maize Oil Imports
Imports into South Africa
After two years of decline, supplies from abroad of refined maize (corn) oil increased by X% to X tons in 2022. Over the period under review, imports continue to indicate a significant expansion. The most prominent rate of growth was recorded in 2015 with an increase of X% against the previous year. As a result, imports attained the peak of X tons. From 2016 to 2022, the growth of imports remained at a somewhat lower figure.
In value terms, refined maize oil imports soared to $X in 2022. In general, imports, however, continue to indicate a deep setback. The most prominent rate of growth was recorded in 2018 when imports increased by X%. Imports peaked at $X in 2016; however, from 2017 to 2022, imports stood at a somewhat lower figure.
Imports by Country
In 2022, Lesotho (X tons) constituted the largest refined maize oil supplier to South Africa, with a X% share of total imports. Moreover, refined maize oil imports from Lesotho exceeded the figures recorded by the second-largest supplier, India (X tons), twofold. The third position in this ranking was held by Belgium (X kg), with a X% share.
From 2012 to 2022, the average annual rate of growth in terms of volume from Lesotho amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: India (X% per year) and Belgium (X% per year).
In value terms, India ($X) constituted the largest supplier of refined maize (corn) oil to South Africa, comprising X% of total imports. The second position in the ranking was taken by Belgium ($X), with a X% share of total imports. It was followed by the United States, with a X% share.
From 2012 to 2022, the average annual growth rate of value from India amounted to X%. The remaining supplying countries recorded the following average annual rates of imports growth: Belgium (X% per year) and the United States (X% per year).
Import Prices by Country
In 2022, the average refined maize oil import price amounted to $X per ton, with a decrease of X% against the previous year. In general, the import price saw a sharp reduction. The growth pace was the most rapid in 2016 an increase of X% against the previous year. Over the period under review, average import prices hit record highs at $X per ton in 2012; however, from 2013 to 2022, import prices stood at a somewhat lower figure.
Prices varied noticeably by country of origin: amid the top importers, the country with the highest price was Belgium ($X per ton), while the price for Lesotho ($X per ton) was amongst the lowest.
From 2012 to 2022, the most notable rate of growth in terms of prices was attained by Belgium (X%), while the prices for the other major suppliers experienced a decline.
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Frequently Asked Questions (FAQ) :
This report provides an in-depth analysis of the refined maize oil market in South Africa. Within it, you will discover the latest data on market trends and opportunities by country, consumption, production and price developments, as well as the global trade (imports and exports). The forecast exhibits the market prospects through 2030.
Product coverage:
- Prodcom 10621460 - Refined maize (corn) oil and its fractions (excluding chemically modified)
Country coverage:
- South Africa
Data coverage:
- Market volume and value
- Per Capita consumption
- Forecast of the market dynamics in the medium term
- Trade (exports and imports) in South Africa
- Export and import prices
- Market trends, drivers and restraints
- Key market players and their profiles
Reasons to buy this report:
- Take advantage of the latest data
- Find deeper insights into current market developments
- Discover vital success factors affecting the market
This report is designed for manufacturers, distributors, importers, and wholesalers, as well as for investors, consultants and advisors.
In this report, you can find information that helps you to make informed decisions on the following issues:
- How to diversify your business and benefit from new market opportunities
- How to load your idle production capacity
- How to boost your sales on overseas markets
- How to increase your profit margins
- How to make your supply chain more sustainable
- How to reduce your production and supply chain costs
- How to outsource production to other countries
- How to prepare your business for global expansion
While doing this research, we combine the accumulated expertise of our analysts and the capabilities of artificial intelligence. The AI-based platform, developed by our data scientists, constitutes the key working tool for business analysts, empowering them to discover deep insights and ideas from the marketing data.
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1. INTRODUCTION
Making Data-Driven Decisions to Grow Your Business
- REPORT DESCRIPTION
- RESEARCH METHODOLOGY AND AI PLATFORM
- DATA-DRIVEN DECISIONS FOR YOUR BUSINESS
- GLOSSARY AND SPECIFIC TERMS
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2. EXECUTIVE SUMMARY
A Quick Overview of Market Performance
- KEY FINDINGS
- MARKET TRENDS This Chapter is Available Only for the Professional Edition PRO
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3. MARKET OVERVIEW
Understanding the Current State of The Market and Its Prospects
- MARKET SIZE
- MARKET STRUCTURE
- TRADE BALANCE
- PER CAPITA CONSUMPTION
- MARKET FORECAST TO 2030
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4. MOST PROMISING PRODUCT
Finding New Products to Diversify Your Business
This Chapter is Available Only for the Professional Edition PRO- TOP PRODUCTS TO DIVERSIFY YOUR BUSINESS
- BEST-SELLING PRODUCTS
- MOST CONSUMED PRODUCT
- MOST TRADED PRODUCT
- MOST PROFITABLE PRODUCT FOR EXPORT
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5. MOST PROMISING SUPPLYING COUNTRIES
Choosing the Best Countries to Establish Your Sustainable Supply Chain
This Chapter is Available Only for the Professional Edition PRO- TOP COUNTRIES TO SOURCE YOUR PRODUCT
- TOP PRODUCING COUNTRIES
- TOP EXPORTING COUNTRIES
- LOW-COST EXPORTING COUNTRIES
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6. MOST PROMISING OVERSEAS MARKETS
Choosing the Best Countries to Boost Your Exports
This Chapter is Available Only for the Professional Edition PRO- TOP OVERSEAS MARKETS FOR EXPORTING YOUR PRODUCT
- TOP CONSUMING MARKETS
- UNSATURATED MARKETS
- TOP IMPORTING MARKETS
- MOST PROFITABLE MARKETS
7. PRODUCTION
The Latest Trends and Insights into The Industry
- PRODUCTION VOLUME AND VALUE
8. IMPORTS
The Largest Import Supplying Countries
- IMPORTS FROM 2012–2023
- IMPORTS BY COUNTRY
- IMPORT PRICES BY COUNTRY
9. EXPORTS
The Largest Destinations for Exports
- EXPORTS FROM 2012–2023
- EXPORTS BY COUNTRY
- EXPORT PRICES BY COUNTRY
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10. PROFILES OF MAJOR PRODUCERS
The Largest Producers on The Market and Their Profiles
This Chapter is Available Only for the Professional Edition PRO -
LIST OF TABLES
- Key Findings In 2023
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Per Capita Consumption In 2012-2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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LIST OF FIGURES
- Market Volume, In Physical Terms, 2012–2023
- Market Value, 2012–2023
- Market Structure – Domestic Supply vs. Imports, In Physical Terms, 2012-2023
- Market Structure – Domestic Supply vs. Imports, In Value Terms, 2012-2023
- Trade Balance, In Physical Terms, 2012-2023
- Trade Balance, In Value Terms, 2012-2023
- Per Capita Consumption, 2012-2023
- Market Volume Forecast to 2030
- Market Value Forecast to 2030
- Products: Market Size And Growth, By Type
- Products: Average Per Capita Consumption, By Type
- Products: Exports And Growth, By Type
- Products: Export Prices And Growth, By Type
- Production Volume And Growth
- Exports And Growth
- Export Prices And Growth
- Market Size And Growth
- Per Capita Consumption
- Imports And Growth
- Import Prices
- Production, In Physical Terms, 2012–2023
- Production, In Value Terms, 2012–2023
- Imports, In Physical Terms, 2012–2023
- Imports, In Value Terms, 2012–2023
- Imports, In Physical Terms, By Country, 2023
- Imports, In Physical Terms, By Country, 2012–2023
- Imports, In Value Terms, By Country, 2012–2023
- Import Prices, By Country Of Origin, 2012–2023
- Exports, In Physical Terms, 2012–2023
- Exports, In Value Terms, 2012–2023
- Exports, In Physical Terms, By Country, 2023
- Exports, In Physical Terms, By Country, 2012–2023
- Exports, In Value Terms, By Country, 2012–2023
- Export Prices, By Country Of Destination, 2012–2023
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